Jakarta faces property price hike as expats allowed to buy homes

New rules allowing foreigners to own real estate could cause prices to rocket in the booming Indonesian capital of Jakarta. A change in property laws for foreigners in the Indonesian capital of Jakarta could see prices rocket.
Strong demand for rental property from expats has seen costs shoot up almost 15 per cent this year as expats head to Indonesia, which is enjoying a period of strong economic growth………………………………………..Full Article: Source